3D Printed Medical Devices Market 2021-2027 Growth Demand, COVID-19 Impact Analysis And Future Challenges

Precision Business Insights published a research report on “3D Printed Medical Devices Market By Product (3D printers, 3D bio-printers, materials, software & services), By Application (Implants, tissue engineering, and external wearable device), By Technology (Laser beam melting, photo polymerization, 3D printing, electron beam melting and droplet deposition), By end user (hospitals, academic institutes, CRO’s and Pharma & biotech companies) and Geography - Global/Region/Country Forecast to 2027”.

Medical applications of 3D printing are transforming the healthcare business by allowing for customizations, personalisation of medical items, and better productivity. According to several studies, personalised surgical guides and medical models created with 3D printing technology will become norms for a variety of surgical operations in the coming decades, including joint replacement, cranial implants, spine surgery, and cardiac surgeries. Currently, 3D printing in the operating room is limited to a few surgeries, but surgeons can plan their technique ahead of time, resulting in less manual error and speedier surgery completion. Prior to a complex surgery, surgeons study CT scan data of a patient's blood arteries, bone, or other organs by turning it to a digital file that can be studied and changed via 3D printing.

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The increasing public-private funding for 3D printing operations and the continuing technological improvements in the 3D printing sector are two important factors driving the growth of the Global 3D Printing Medical Devices market. The growing use of 3D printed medical equipment in a variety of medical applications, such as 3D printed orthopaedic devices and 3D printed dental devices, will boost demand for 3D printing devices globally in the future years. Manufacturers are concentrating on continual product innovation, such as the launch of new designs of 3D printed medical devices that may be personalised to meet the needs of individual patients. Nevertheless, factors such as a lack of a well-structured regulatory framework, high printer prices, unfavourable reimbursement policies, a lack of technical expertise, biocompatibility issues with 3D-printed medical devices, and copyright and patent infringement concerns are expected to stymie market growth in the near future.

3D printing medical devices market is fragmented on the basis of technology, product, components, type, application and end user. In terms of product, the 3D printing medical devices market is segregated into cardiovascular products, dental products, neurological products, cranio-maxillofacial products, orthopaedic products and others. Based on technology, the 3D printing medical devices market is categorized into bioprinting, photopolymerization, electron beam melting (EBM), laser beam melting, droplet deposition/extrusion-based technologies, 3DP/adhesion bonding/binder jetting and others. On the basis of components, the 3D printing medical devices market is divided into equipment, material and services & software. Based on type, the 3D printing medical devices market is divided as surgical instruments, surgical guides, prosthetics & implants and tissue engineering products.

Due to the sheer presence of key market participants in the region, North America will be the dominant region for 3D printing medical devices, with the biggest market share. In the anticipated period of 2020 to 2027, Asia-Pacific would develop at the fastest rate, owing to the focus of governments and major market players on improving education and distribution networks for 3D printing medical devices.

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Some of the major key players in the 3D Printed Medical Devices Market are Prodways Group, Formlabs, Stratasys Ltd., 3D Systems Inc., Materialise NV, Organovo Holdings Inc., Renishaw plc, GENERAL ELECTRIC, Carbon Inc

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